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Investment › Re: Treasury Bills In Nigeria by Donbrig: 5:54pm On Oct 14, 2019

Lots of anger about the new FG increment in VAT, would that also affect t-bills investors? Treasury bill is known to be tax free, although it is not completely tax free, like custodian fee and others we always pay after a successful transaction.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 9:57am On Sep 21, 2019

Pls when is the next date for tbills primary market?

Investment › Re: Treasury Bills In Nigeria by Donbrig: 5:50pm On Sep 14, 2019

DInkMan:
Information here are often based on facts and figures. If it is on emotion it is better you post it in politics section. People reference and revert to messages here year on year.

There are times people do comparative analysis on TB rates and still come over here, years after it has been posted. Foreigners and potential investors in like manner too access this thread. Do we scare them with past & erroneous astronomical devaluation value of above 6000% in lieu of 378.95% or with a potential rise in next 2 decades by 4000-8000%?

What we are saying is that the information you posted above is false. In 1999 it was never 5.5 naira to a dollar!

Lastly, If you don't get our points, then have a nice day.

Kudos.. Some people could be very discouraging with their messages about Nigeria. They wouldn't even think that lots of foreign investors are monitoring what we say and how much hopes we have in our country naija. We musn't be too quick to write our currency or economy off. Strong currency doesn't always reflect strong economy, just as we have seen in some Asian countries with weaker currency than Naira but have a better economy than Nigeria. The main problem in Nigeria is that we are not producing enough goods in the country, massive importation of goods, even foods, are a big setback to everything in Nigeria.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 5:16pm On Sep 12, 2019

I am really disappointed with zenithbank, I entered for 364days, but I was treated for 182days, why is this so?

Investment › Re: Treasury Bills In Nigeria by Donbrig: 5:00pm On Sep 11, 2019

[quote author=olujaidi post=82134688]A fee a brokerage or other financial institution charges for safekeeping services. Safekeeping or custody is a service in which the brokerage or financial institution holds securities on behalf of the client, which reduces the risk of the client losing his/her assets.

There was a CBN circular a few years ago mandating banks to transfer client investments to custodians eg FBN Custodians, Zenith Custodians etc. It was displayed in banking halls all over the country. This means that your investments are no longer domiciled with the bank but with the Custodian. It's an additional layer of risk management

Your bank is simply an agent facilitating investment, divestment and settlement

Thanks for the explanation, but I think all these big big English makes it more easier for financial institutions to deceive ignorant costumers.

Investment › Re: Treasury Bills In Nigeria by Donbrig: 4:57pm On Sep 11, 2019

olujaidi:
A fee a brokerage or other financial institution charges for safekeeping services. Safekeeping or custody is a service in which the brokerage or financial institution holds securities on behalf of the client, which reduces the risk of the client losing his/her assets.

There was a CBN circular a few years ago mandating banks to transfer client investments to custodians eg FBN Custodians, Zenith Custodians etc. It was displayed in banking halls all over the country. This means that your investments are no longer domiciled with the bank but with the Custodian. It's an additional layer of risk management

Your bank is simply an agent facilitating investment, divestment and settlement

Thanks for the explanation, but I think all these big big English makes it more easier for financial institutions to deceive ignorant costumers.

Investment › Re: Treasury Bills In Nigeria by Donbrig: 4:55pm On Sep 11, 2019

Nigsrdumb:
I'm I rich in Nigeria if I'm worth 100 million naira?

Na waoo, in a country where we are still fighting to have ordinary 30k as minimum wage, having 100m makes you a rich man, and you could have that money working for you all the days of your life inside Nigeria.

10 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by Donbrig: 12:55pm On Sep 07, 2019*

tolajay:
By Q4, FG will need over N1trillion from you money.

So, get ready!

https://www.thenewsguru.com/news/nigeria-news/article/fg-borrow-n1-003trn-t-bills-investors-q419/

Pls, I intend to invest about 14m for next week's tbills, is it better to go for short or long term? Because some are saying rate might increase in few weeks/months to come.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 6:30pm On Aug 26, 2019

Ok, thanks bro, I appreciate your swift responses, my blood pressure is normal again.

ahiboilandgas:
none ,the processes it automated via the bank,they credit you back

1 Like

Investment › Re: Treasury Bills In Nigeria by Donbrig: 6:21pm On Aug 26, 2019

What kind of challenges could I face getting back my money, could you pls expanciate on your yes?

ahiboilandgas:
yes

Investment › Re: Treasury Bills In Nigeria by Donbrig: 6:07pm On Aug 26, 2019

Good day folks, I have two separate t-bills that will mature on same day this week with same bank. I have misplaced my certificate for the transaction. How would they pay me back my money now that I no longer hold the certificate for transactions? Would I face any complications in getting back my money from my bank?

Investment › Re: Treasury Bills In Nigeria by Donbrig: 6:47pm On Jul 25, 2019

Just2endowed2:
is there a format or way i can change my stanbic account officer at ikeja. the lady does not respond to anything i sent to her.

Trying to ask her for a date might soften her rigid mind.

Investment › Re: Treasury Bills In Nigeria by Donbrig: 3:33pm On Jun 30, 2019

Good day fellow investors. It seems West Africa is really serious about rolling out a regional currency from January 2020, I thought they have been joking Ohhhh. How is this new currency (ECO) going to affect treasury bills and other investments in Nigeria? Gurus in the house should educate us on this.

Investment › Re: Treasury Bills In Nigeria by Donbrig: 6:40pm On Jun 20, 2019

Bravedude112:
So do we classify someone who make 50m naira a year in TBills as being wealthy or is it just a way to keep the value of the money because of inflation as some will say?

Yes, if your interest from t-bills in a year is within the range of 50m and above, you are indeed classified as a wealthy Nigerian. With this kind of interest, compounded for a couple of few years, you could join the billionaires club with bliss.

1 Like

Investment › Re: Treasury Bills In Nigeria by Donbrig: 7:11pm On Jun 19, 2019

Jobac:
I think one can be earning 1m and still be poor if one is not saving substantial amount, while someone that is earning lower with good savings can be richer. I have learnt a lot from this thread.

You are very correct. But that is a personal problem if you earn 1m a month and still poor, general statistics still rate such persons as rich in Nigeria. Just like people who won big in lotteries, but many don't have a dime today, the lottery agents still see them as either rich or wealthy, how careless they spend or save their money doesn't concern lottery agents or when taking general statistics.

1 Like

Investment › Re: Treasury Bills In Nigeria by Donbrig: 6:32pm On Jun 19, 2019

Bravedude112:
How much can you worth in nigeria to be categorized as a wealthy person?

You are classified as rich in Nigeria if you earn up to 1m naira per month, either as salary or as passive income. You are classified as wealthy if you earn up to 50m a year as passive income.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 3:38pm On Jun 19, 2019

Nnamz:
Bros. Your spiritual life will not save you from people that wanna see you fall. It is your smartness and wisdom. It is all these spirituality thing that is making Nigeria not to progress

You didn't get the content of my message. There is a big difference btw spiritualism and religion. I know religion had done a collateral damage to the psyche of most Nigerians. Religion is politics. We all need a sound spiritual life to excel in life, the spiritual controls the pysical. Praying fervently is the easiest and surest way to build a spiritual life and not being religious like Nigerians.

@Nnamz, How smart would you be if a jealous friend or family member should secretly take your name to a native doctor or spiritual realm for your elimination?

How smart would you be if after a slight headache and your doctor confirmed that you have cancer and few more months/years to live. Would you still be concerned about the next date for t-bill auction?

Always build your spiritual life with prayers as you progress in life, because many are not happy with the level of success you have attained.

Even King Solomon with all his God given wisdom had enemies and always prayed for a spiritual strength.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 6:13pm On Jun 18, 2019*

Nice input from all the gurus in the house. It is important to save money as much as you can and guide your money jealously. Also remember to enjoy life as you work hard for your money, but don't live extravagantly or buy things you don't need or things you can do without. And also try to be greedy a bit when trying to get to the top of the ladder, greediness is a very important factor if you want to become rich or wealthy in life. Most wealthy people all over the world are extremely greedy but become generous after making wealth. But be generous and help those that truly needs it once you become rich, most of the money you will be using to help others could be interest from your capital. Capital is meant to be inherited by our children when we join our ancestors, (most wealthy people spend only the interest on their capital) that's why it is critically important to start teaching our children the rules of money at an early age.

Remember to also build your spiritual life as strong as possible, as you become more successful in life, many friends and family members will hate you with passion and secretly wish for your downfall due to envy. Building a strong spiritual life is one way you can overcome the hates and challenges that comes with wealth and influence.

The Hustling Continues, God Bless YOu All.

19 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by Donbrig: 4:00pm On Jun 15, 2019

You guys should not write off our economy or naira yet. Lot of things will start happening as from 2020. You guys should be extremely careful with the buying of dollars. The importation of refined oil from overseas, causing huge demand for dollar is the biggest problem our naira and economy is having... Buhari will certainly put a ban on PMS anytime as from next year, and Dangote refinary will pick up with full effect, naira will experience unprecedented strength for the first time in decades. Most Domiciliary account holders will be compelled to maintain local account in naira.

High interest rates on t-bills might not be experienced anytime soon, rates might continue to reduce as our economy gets stronger and stronger with CBN encouraging more foods and goods to be produced locally, that's why CBN granted a whopping sum of 30billion naira to our local palm oil producers.

Nigerian oil marketers are already investing in our local sub refinaries in different states, because they have already seen the hand writing on the wall. In couple of months from now, business will no longer be as usual in Nigeria.

God bless Nigeria.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 3:09pm On Jun 01, 2019

Since March 2019, investors are often advised to bid short term in primary market, 91 or 182 days in t-bills. CBN is using short term to offset our huge local debt, a very brilliant strategy from Emefiele. A bank manager once told me that most 364 days bid in t-bills in 2019 won't be successful, but hopefully things might improve in 2020.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 9:04am On May 26, 2019

I thank you all immensely for taking your precious time to educate us in business. You guys should also remember to secure your health by buying a very good health insurance. Health issues is a very big factor that could ruin all your life savings and investments in a short period of time. It is unfortunate that Nigeria doesn't have a good health insurance that could be trusted in difficult times. I advice those who can afford good health insurance abroad to do so, and Germany is one of the best and cheapest place to get affordable health insurance coverage for you and your family.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 8:54am On May 12, 2019

Maspice:
Please who can enlighten me about liquidation of tbills before the maturity date?

You guys should stop asking about liquidation of t-bills before maturity. It is always complicated to liquidate t-bills in all the banks, investors are always advised to invest short term duration or the funds they can afford to invest and wait till maturity. You are only giving your bank a clear priviledge to unfairly profit from you if you decide to liquidate your t-bills before maturity.

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Nairaland General › Re: Dangote Truck Crushes 8 People To Death In Edo State. Graphic Photos by Donbrig: 11:56am On Apr 28, 2019

This is very very sad. And to think that Dangote and his crew will always have their way at the end of the day makes everything worse and terrible. Many Dangote drivers don't even rest from work and drive with impunity. Nigeria is a dead end at the moment.

Christianity Etc › Why Are The Yoruba Muslims More Tolerant? by Donbrig(op): 11:06am On Apr 27, 2019

As a Christian, I have always admired with great passion the way Yoruba Muslims are tolerant with their religious beliefs, compared to other Muslims, particularly in the north. And I keep wondering why? Are Yoruba Muslims reading another version of the Quran or they differently understood Islam and its teachings?

Investment › Re: Treasury Bills In Nigeria by Donbrig: 11:21am On Apr 21, 2019

Desanta:
Please educate me. How do they lose money when their bid fails?

Yeah, banks lose more than customers if their bids should fail, because banks only invest about 30/40% of their customers funds, I mean customers like you and me who entered for t-bills in the primary market, while about 60/70% is their own funds, ordinary depositors funds or funds in ordinary savings, and don't forget banks have billions of funds in ordinary deposit or savings, yielding about 2-6%. And they also lose money from custodian fees or other charges they normally charge every customer if their bid scale through.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 11:07am On Apr 21, 2019

Happy Easter my fellow investors. You guys should understand that banks don't compete with rates in treasury bills, the primary aim of every bank is to have their bidding rate scale through. And the differences between bank rates are not even above 1%. Banks always lose more money than their customers if their bidding rate should fail.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 4:35pm On Apr 11, 2019

Pls what are your reasons? We have so many Zenith Bank customers here. Zenith is one of the best banks for wealthy customers, if you have huge sum of money, Zenith is the best choice.... I have over 100m with them in different investment channels and I am growing rapidly. But Zenith Bank is not too good for starters or someone trying to build up his/her finance, I know they sometimes discriminate or undermine poor customers, that's one thing I don't like about them as well.

Agbaletu:
Don't ever try TBills with Zenith Bank. I have three TBills with them.

1 Like

Investment › Re: Treasury Bills In Nigeria by Donbrig: 4:59pm On Apr 10, 2019

Pascal2016:
I went to First Bank today to make inquiry about TBil (Primary Market to be precised) and the person in charge told me to fill the form for it and the money in my account will be deducted immediately but it can only start counting from next week Wednesday being 17/04/2019 when the TBil will be available.

My question is, is this how TBil works?
I thought it can only be deducted on that said Wednesday?
Is the guy really truthful or is he trying to use the money for business first or what?
Please can someone address this issue for me because i am confuse. Didn't fill the form though.

Pls, lets educate us correctly. Virtually all the banks often deduct the amount you intend to invest few days to the D-day. This is so because some customers in need of urgent money will still go and withdraw the money they have already entered for t-bill investment.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 5:10pm On Apr 05, 2019

aremso:
Does banks charges up to 10,000 on tb again? i was charged N10,978.97

You must have invested a huge sum of money for you have paid up to 10k as VAT. It always depends on the amount you are investing, about 1% of total invested amount.

1 Like

Investment › Re: Treasury Bills In Nigeria by Donbrig: 4:34pm On Apr 05, 2019

bendo75:
It does not make sense to me when you tell folks to close their accounts with a bank because of a particular experience you had with a particular branch. I have been with GTB (Ikenegbu Owerri branch) for over a decade and it’s been a wonderful experience. At Gtb, I have 3 account officers with their phone numbers and email addresses listed on my online banking platform. I have unhindered access to all of them. They respond to emails, phone calls, text messages and Whatsapp message/calls. I also bank with First bank and it’s been an awful experience when dealing with my account officer over there. The issues I have had with my account officer at FBN does not mean that I close my accounts. All I did was to request that my account officer be changed.

Bro if you close your account whenever you have issues with a particular branch, one day you may end up not having any bank account in Nigeria. Demand that your account officer be changed if she/he is not reliable. You do this by sending complaint email to their headquarters. Whenever I have any issue with my branch, I don’t complain to my branch. I send emails to the contact center copying the bank’s complaint unit and my branch, and within 24 hours that issue is resolved. But in the event that the issue is not resolved in 14 days, send an email to Consumer Protection Department
of the CBN at cpd@cbn.gov.ng. Make sure you copy your bank on this email. From my experience, it takes less than 24 hrs to have issues fixed when you complain to CBN.

I hope this helps folks having issues with their banks.

Well spoken with maturity. We cannot always generalize banks to be incompetent because of bad experiences with a certain branch or account officer.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 6:58pm On Apr 01, 2019

gmacnoms:
Good Morning all

My name is Adugbo Gerald and I'm a relationship manager with Shalom Mfb

I'm available at anytime to take your enquiry on loans and other finances that may be useful to You

Our interest rate is among the best You can find in the industry

I can be reached via gerald.adugbo@shalommfb.com

Or 08159672350 : WhatsApp/calls

Lagos only

Na waooo, greeting good morning around 4pm shows how illegitimate this Shalom Mfb might be. Abeg make una pity Nigerians nowww, people are suffering enough already, trying to swindle their peanuts is worse than murder.

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Investment › Re: Treasury Bills In Nigeria by Donbrig: 3:30pm On Mar 30, 2019

Bluecollarguy:
I browsed Zenith Bank website, couldn't find any link/icon for opening a Non-Resident/Diaspora account. Anyone care to paste a link here or some information on how to open the aforesaid account with Zenith Bank? Thanks in advance...

Go to Zenithbank website and enter their customer service 24/7 online chat, ask your question on how best to open a diaspora account, they will guide you accordingly. Very easy and secured.

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